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it is not a fact
Posted by :
sanecouncel.Price when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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there was actual reserve in SATYAM balance book, LINGA RAJU has taken entire amount from satyam when his plot with mytas failed and created a new story...
India has serious problem
Posted by :
BhattPrice when posted : BSE: Rs 1196.80 ( -12.52 % ), NSE: Rs. 1200.75 ( -12.41 % )
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The piece makes a persuasive argument for why despite already falling 55% from its high the Indian stock market won`t rebound in the near future. In short, it was and still is overvalued.
- India`s forward P/E is 60% higher than that of emerging markets as a group.
- India`s price-to-book ratio is 72% higher than that of emerging markets as a group.
- The Sensex`s 2% dividend yield is much lower than that of other emerging markets, which typically are at around 5%.
While there is obviously a lot to like about India, the Indian stock market had gotten way ahead of itself. Just a year ago in January 2008 the market cap of Indian stocks had soared to 180% of the country`s GDP. In comparison, the market cap / GDP ratio for the U.S. market at the top of the dot com bubble was only 131% and the ratio at the peak of the Japanese market years ago was only 150%.
Many analysts believe that the Indian stock market will retest its recent lows at some point in the next fifteen months before it begins any sort of new bull run.
Certain analysts who were interviewed for the article were bearish on India`s currency as well. The country`s current-account deficit and its debt repayments amount to 18% of its foreign-exchange reserves. The rupee has already fallen by more than 20% this year versus the U.S. dollar (though much of that can probably be attributed to irrational dollar strength than anything). In any event, a weaker rupee leaves Indian companies that have borrowed money abroad vulnerable. Having said this, I personally am less worried about weakness in the rupee because I think that the recent dollar strength is nuts.
As if India didn`t have enough problems already, this piece of terrible news just came out this morning: Satyam chief quits, fraud scandal hammers shares.......
The head of Indian outsourcing firm Satyam (SAY) resigned this morning after admitting to falsely inflating the company`s profits over the past several years. Talk about some cooking of the books, supposedly about $1 billion or 94% of the cash that has on the company`s books is fictitious.
They`re calling this the Indian Enron. The news is so big that it dragged down the entire Indian stock market by a whopping 7.3%. Ouch. Analysts are now questioning entire corporate governance system. Here`s a quote from R.K. Gupta, managing director at Taurus Asset Management in New Delhi (not to be confused with the possible new U.S. Surgeon General :)) "If a company`s chairman himself says they built fictitious assets, who do you believe here? This has put a question mark on the entire corporate governance system in India."
Ironically, only three short months ago Satyam received a "Golden Peacock" award from a group of Indian directors for excellence in corporate governance. Perhaps they should have received the "Golden Turkey" or "Golden File Baked Into a Cake" award. Sheesh.
Unfortunately, this is yet another blow for India`s stock market, which was already headed in the wrong direction.
...
Satyam -The other Story ?
Posted by : trulyfairPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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hi
must admit you could have a real angle there. DNA today carried a reverse story saying He was trying to save Satyam by tansferribg Maytas real assets for fictitious cash.!! and was actually trying to help Satya by paying from privately held Maytas. This way Satyam would get Real Assets instead of fictious cash!!! Anyway not sure if the probe will be fair. This is our bane.
I just want my money back can SEBI/BHAVE/ROC get it back for else they too are Frauds collecting so much money in name of Investor protection!! Do you agree?...
In reply to:
Satyam -The other Story ?
Posted by : valuepick
What is real fraud, Accounts of Satyam or the Confession of Mr.Raju.Most probably the second one.Accounts of satyam may be real till the failure of Mytas merger plan and satyam really had 8 thousand crore reserves as mentioned earlier.The real problem may be with Mytas Properties and some extent Mytas infra due to unfavourable conditions in real estate sector.That`s why he tried to merge those companies with cash rich Satyam where he had very low percentage share holding.But after the failure of the deal Raju had only one way to bail out the companies of his family(Mytas Prop & Mytas infra)ie, divert funds from Satyam to that co(atleast to mytas properties).CFO and staff from A/c dept of satyam may have supported this and they may rewarded later.Nobody can imagine a fraud like this can be done only by a single person and for many years.If things are like this PWC can`t do much.Hence a detailed enquiry needed in the accounts not only of Satyam but Mytas prop & Mytas infra too. 
Maytas down target=40....
Posted by : santhoshoPrice when posted : BSE: Rs 159.05 ( -4.99 % ), NSE: Rs. 158.70 ( -5.00 % )
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==== Market man you must be right..But but......just think about this way...Raju must have already moved in most of his funds to Maytas, and I feel this might be his and his family`s future business. And some one rightly said the floating it only 15% in the market place. So no chance of hitting down to 40. I think it would flip flop for some time and the promoters would take it forward as usual.
========= MAYTAS.......read it reverse......it cant be SATYAM any more ========
Cheers.....
Santhosh...??...
In reply to:
Maytas down target=40....
Posted by : marketman
Company is said to be in cash crunch,and the alloted projects may be taken back by the govt and other big customers.... within few months the company may become bankrupt.... investors confidence is poor on this scrip at present.... investors may be lucky if it doesnt fall to below 40 in the near term....
CROSSING 100.....COUNT DOWN STARTS NOW !
Posted by : mukutPrice when posted : BSE: Rs 71.45 ( -29.15 % ), NSE: Rs. 71.50 ( -29.35 % )
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KR Choksy earlier estimated PAT 1895 crore now Moti lal estiamated PAT 154 crore. Why this big difference after satyam scam?...
In reply to:
CROSSING 100.....COUNT DOWN STARTS NOW !
Posted by :
ashwinkashyap
dis wud have happened on moday!, any way bcoz of dis scam mkt turned to negative so it will take longer time to get back to 100 levels. it seems more cats will jump out of d bag n it will have impact on d mkt so trade cautiously.
Ambani Bandhu Gifts to wife
Posted by : BhattPrice when posted : BSE: Rs 1196.80 ( -12.52 % ), NSE: Rs. 1200.75 ( -12.41 % )
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Dear
Why Reliance Bandhu not listed in Dow ? can u give me reason...
In reply to:
Ambani Bandhu Gifts to wife
Posted by : bhusbhac
Dear Mr Bhatt - This news to me indicates that unlike Mr Ramalingam Raju of Satyam Computer Limited Mukeshbai and Anilbhai are both seasoned INDUSTRIALISTS, traits which they inherrited from their father after all.
Problem with Mr Ramalingam Raju is that he got CAUGHT and that too he makes a stupid self confession which is equated to commiting suicide. Looks to me that Mr Ramalingam Raju is more of a technocrat and that has done hime in. Fudging books goes on in the corporate world globally! SAINTS cannot and dont run large industries. There is a distinct art of siphoning out of money which are not only for themselves but also for political reasons and compensation and gifts that have to be given to various departments all the time
Let us be honest with ourselves. We ourselves would not invest in a company which does not know how to operate in its own environment!
Have you considered how much of fudging and fraud went on in the financial instituitions in USA to window dress their books which could have been in connivance with President Bush himself. I could imagine something of this proportion when it was teh president himself who came to India to sell the Nuclear Deal and the manner it was pushed through.
So starting from yourself please ennumerate to me the SAINTLY persons existing in this world? Mr Ramalingam Raju in his confession did state that he did not spend a single paisa of the fudging he did on HIMSELF but he did it to save his company! Somehow because he came to a point of confession I believe it and that he was as it RUINED personally in any case due to the SLOWDOWN and RECESSION. He as many had been billionaires of the world are victims so let us give a chance for the whole truth to come out. It is not that EASY to face RUIN!
Satyam Boat
Posted by :
imsavantPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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If everyone is trying to exit the satyam boat, with no one trying to row it to the shore IT IS BOUND TO SINK..
unless its current employee and some management ( good one I hope & pray ) foster courage and try to take it to some shore, Satyam might have a fighting chance and might in a way, set example for others to follow.
Hope n Pray for the Best.
Wishing Satyam`s small share holders who were not able to sell their share, good health and luck.
Regards,
imsavant....
Will the Satyam fraud weigh heavily on other Indian IT stocks?
Posted by : gddPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
Tracked by: 4 Boarders
My earlier post pre fraud era has many of these names
HCL - the company to wtach clsoely - has had similar reputations in its infance. tHe " multi billion$" enterprise as advertised will spring some surprises for its investor. so liquidte this stock ASAP,
yuo may not another opportunity....
In reply to:
Will the Satyam fraud weigh heavily on other Indian IT stocks?
Posted by : honestytrack
may be you left out few such as jpassociate core educomp ft
etc etc for the monitor list
Is teledata fraud company ??
Posted by : mcprasanthPrice when posted : BSE: Rs 7.63 ( -9.92 % ), NSE: Rs. 7.65 ( -10.00 % )
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you are perfectly right. ...
In reply to:
Is teledata fraud company ??
Posted by : bababull
After satyam saga this question must be troubling every teledata investor.
I personally believe at at Rs 5/- per share, market has priced in 100 % fraud level for teledata. Even the promoters who were unsure about this bought warrants at 5/-.
Now, if the promoters can prove that teledata is say 5% NOT fraud then price can rise by say 5. similarly say if 10 % is NOT fraud, price can rise by say 10. and so on.
I think even the promoters are unsure about the genuineness of the co and scour internet messageboards for more info about genuineness of their company.
Why it is falling
Posted by : trulyfairPrice when posted : BSE: Rs 649.10 ( -1.17 % ), NSE: Rs. 650.00 ( -1.07 % )
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nothing great abt the product it will not replace the cell so soon
dont worry. You will need to carry a computer with you in yr pocket to replace the cell:-)...
In reply to:
Why it is falling
Posted by : pkjattking
There is new device in the market... which is bothering....telecom.... go to ... majicjackdotcom.... watch a full clip....and see it for your self.....It will not b long before this technology will b fitted into blackberry.... and I phone....... Though the website claims that it works only in North America ... but I have heard this works all over the world.... we may c end of cell phones alltogether.... I have orderd the device myself and still have not tried it yet..... I dont mean to b scary.....
Write a Letter to Raju & Satyam Management
Posted by : global28Price when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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so fools simply copy quotes from books without any kind of thinking capability like AUDITORS......
In reply to:
Write a Letter to Raju & Satyam Management
Posted by : treasureddhan
Remember that the greatest fool in the world may ask more than the wisest man can answer.
Bryant H. McGill
Satyam -The other Story ?
Posted by : valuepickPrice when posted : BSE: Rs 39.95 ( -77.69 % ), NSE: Rs. 40.25 ( -77.51 % )
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What is real fraud, Accounts of Satyam or the Confession of Mr.Raju.Most probably the second one.Accounts of satyam may be real till the failure of Mytas merger plan and satyam really had 8 thousand crore reserves as mentioned earlier.The real problem may be with Mytas Properties and some extent Mytas infra due to unfavourable conditions in real estate sector.That`s why he tried to merge those companies with cash rich Satyam where he had very low percentage share holding.But after the failure of the deal Raju had only one way to bail out the companies of his family(Mytas Prop & Mytas infra)ie, divert funds from Satyam to that co(atleast to mytas properties).CFO and staff from A/c dept of satyam may have supported this and they may rewarded later.Nobody can imagine a fraud like this can be done only by a single person and for many years.If things are like this PWC can`t do much.Hence a detailed enquiry needed in the accounts not only of Satyam but Mytas prop & Mytas infra too....
AGM of teledatain and one of its babies
Posted by : mcprasanthPrice when posted : BSE: Rs 7.63 ( -9.92 % ), NSE: Rs. 7.65 ( -10.00 % )
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u could have done something else instead of typing thats useless message.. atleast could have bought some shares of satyam :))) when u believ in funda only u see oppurunity in risk yaar. if u don`t have anythng to type please keep quiet... don`t blabber....
In reply to:
AGM of teledatain and one of its babies
Posted by : pss5588
Dear mcp,
u r illinformed. googol was not a fanatic of td in ur sense for his messages were never abusive or derogatory of nonbelievers. u admit u r a fanatic in the first line itself. ur claiming now that u saw an opportunity in the risk but go thro ur previous messages or messages when u invested and u will find that u believed in the fundas just like sri sbalu who however has not claimed unlike u that he saw an opportunity in the risk.
there is no point in saying or clarifying more to a gross or total fool who is incapable of reading messages or interpreting them correctly but naturally and logically claims otherwise.
hold or sell.?
Posted by : rrenjiPrice when posted : BSE: Rs 110.20 ( -21.45 % ), NSE: Rs. 108.25 ( -22.90 % )
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1000@110, don`t be greed in this turbulent market... It a good stock having some good short rallies.. it`ll reach 135-150+ in next few trading session.. book ur profits @ 143-147 range, there lies strong resistance... don`t be greed, the nxt day u can again buy it for less than 120.. buy nd sell, buy nd sell... ...
In reply to:
hold or sell.?
Posted by : MAHAJANRAMESH
any idea for this share to hold or sell i have 1000 @110.?
Swindler`s list or SWINDLEX
Posted by : moneyman1973Price when posted : BSE: Rs 7.63 ( -9.92 % ), NSE: Rs. 7.65 ( -10.00 % )
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ha ha ha very funny
heres my SWINDLEX 30
reliance power
Teledata
Kohinoor braodcasting
zee
plenty more but gotta run now pls feel free to add...
In reply to:
Swindler`s list or SWINDLEX
Posted by : bamboonew
Exchanges would soon start an index called SWINDLEX. Companies swindling public money would be part of the index. Dont be surprised.. Swindlex would even cross 50000 points..
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